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Company registration number: 11322299
J M Hackett Limited
Unaudited filleted financial statements
31 May 2023
J M Hackett Limited
Contents
Balance sheet
Notes to the financial statements
J M Hackett Limited
Balance sheet
31 May 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 12,805 17,359
Cash at bank and in hand 14 22
_______ _______
12,819 17,381
Creditors: amounts falling due
within one year 6 ( 18,681) ( 21,633)
_______ _______
Net current liabilities ( 5,862) ( 4,252)
_______ _______
Total assets less current liabilities ( 5,862) ( 4,252)
_______ _______
Net liabilities ( 5,862) ( 4,252)
_______ _______
Capital and reserves
Called up share capital 7 10 10
Profit and loss account ( 5,872) ( 4,262)
_______ _______
Shareholder deficit ( 5,862) ( 4,252)
_______ _______
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the Profit and loss has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 February 2024 , and are signed on behalf of the board by:
Mr Jonathan Mark Hackett
Director
Company registration number: 11322299
J M Hackett Limited
Notes to the financial statements
Year ended 31 May 2023
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 384 Linthorpe Road, Middlesbrough, TS5 6HA.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Debtors
2023 2022
£ £
Other debtors 12,805 17,359
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Bank loans and overdrafts 17,521 18,972
Corporation tax 440 1,816
Social security and other taxes - 365
Other creditors 720 480
_______ _______
18,681 21,633
_______ _______
7. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 10 10 10 10
_______ _______ _______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr Jonathan Mark Hackett 12,515 ( 4,392) 8,123
_______ _______ _______
2022
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mr Jonathan Mark Hackett 14,726 ( 2,211) 12,515
_______ _______ _______